TransAlta reports $84M Q4 loss compared with $163M loss a year earlier
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Hey there, time traveller!
This article was published 23/02/2024 (572 days ago), so information in it may no longer be current.
CALGARY – TransAlta Corp. reported a loss attributable to common shareholders of $84 million compared with a loss of $163 million a year earlier.
The power utility says the loss amounted to 27 cents per diluted share for the quarter ended Dec. 31 compared with a loss of 61 cents per diluted share a year earlier.
Free cash flow per share for the quarter amounted to 39 cents, down from $1.17 in the fourth quarter of 2022.
Revenue totalled $624 million, down from $854 million in the last three months of 2022.
Production for the quarter was 5,783 gigawatt hours compared with 6,005 gigawatt hours a year earlier.
In its outlook for 2024, TransAlta says it expects adjusted earnings before interest, taxes, depreciation and amortization of $1.15 billion to $1.30 billion for the year and free cash flow of $1.47 to $1.96 per share.
This report by The Canadian Press was first published Feb. 23, 2024.
Companies in this story: (TSX:TA)